meszaros

Waiting for EURUSD short entry.

Short
OANDA:EURUSD   Euro / U.S. Dollar
Waiting for EURUSD short entry. In the morning I made a loss on EURUSD . The upward trend has apparently been reversed. That's why I'm looking for short entries below. Figure A shows the H1ATR range (white square) and the red "spike area". The predicted trajectory of the price movement is white in the entry range red. Waiting for an ascending wave sequence upwards and in the descending phase of it I move to a short position. The target price is 1.08329
Trade active
Comment: Wait for the red section to enter. In the meantime, don't enter.
Comment: We still have to wait. You are not allowed to enter now.
Comment: Wait until the price movement returns to the yellow square (H1ATR), There you can start the Short position.

Comments

what do yo think now ?! i just now see it and my target price is simillar that. do you think i should open the position man ? 🙏
+2 Reply
meszaros lenovotrader
@lenovotrader, I do not know. For now, I'm very busy. I can't plan individual positions right now.
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Do you reckon it will meet its target price??
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meszaros davisosans
@davisosans, I do not know.
+1 Reply
meszaros meszaros
@meszaros, Currently my main goal is to take the risk out of trading (break-even)
+2 Reply
I held yesterday. Happy I did so far
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meszaros AntonySmith
@AntonySmith, It was a good decision. I also held the position. Many people write to me at this time that they should quit because they see some green candles. I mean, But the stock market needs patience. I calculate STOP LOSS levels using a very sophisticated mathematical method. Therefore, when SL is activated, I strongly suspect that the direction is not good. That's why I'm throwing that direction for the next trade. And if you feel unwell on a move and are afraid or panicked, quit. Money doesn't make us sick because of it.
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AntonySmith meszaros
@meszaros, I could see people asking you yesterday. Money management is key to this. Some will invest too much on one trade and then get unhappy if it does not go to plan. At the end of the day, the stop loss is our friend. It stops us giving too much back to the market. The way I see it is that if it hits the stop loss that is good as I stuck to the plan and trusted in the analysis. If you start second guessing your analysis that's when emotions can come in and that is not ideal. Happy you held too and thank you again for your superb insight and analaysis.
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meszaros AntonySmith
@AntonySmith, Yes. I agree with you. Many times I read a similar one here. Huge money is being put into a position and a green candle comes with mental confusion. But unfortunately I don't know what to do with it. I've written numerous times to prevent beginners from opening a position in their trader account of more than 1-2%. I never see what will happen next. But these last two days have been very weak in the markets. Probably not much movement is expected until Friday's NFP announcement. My trading strategy performs between 300-500% a year. But more than 200-300 pieces of trade. I use dynamic initial risks. When trading goes well, my initial risk goes up to 4-5%. When the movement is poor or weak, I work with an initial risk of 1-2%. Last week I had a profit of 1000 pips on the EURUSD and GBPUSD long positions. This week I was barely looking for anything.
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AntonySmith meszaros
@meszaros, This makes a lot of sense. Honestly, I don't think there is much more you can do about it. Fear and greed will always be huge drivers in this arena and outside of what you have already communicated, I don't think there is much you can do to help the less experienced traders. I actually believe you provide perfectly sufficient information to understand exactly what is required and for those who ask questions that have already been answered by you in previous posts, or by others, I think simply not responding would be best as you will no-doubt be busy. I will do my best to help you with some of the more repetitive questions asked by traders, where possible. Thanks again for your insight and experience.
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